Performance of the Ghana cedi has not come at the cost of our safety net – Finance Minister

Dr. Cassiel Ato Forson, the finance minister, shared important news about the Ghana cedi. He stated that its strong performance has not harmed Ghana’s safety net.

In April 2025, Ghana's foreign exchange reserves reached a record high. This achievement surpassed targets set under the IMF-supported program ahead of schedule.

On March 19, 2025, Ato Forson inaugurated the Board of Directors for the Ghana Gold Board.

In a post on X, he emphasized that the cedi's success does not compromise safety nets. He noted that activities of the Gold Board will enhance the cedi's performance further.

Ato Forson explained that these activities could change how the cedi and foreign exchange behave in future. This shift may challenge traditional models and lead to inaccurate projections.

He reassured Ghanaians that the outlook for the cedi is strong and sustainable. The transformative actions of the Gold Board support this positive outlook.

As of May 13, 2025, the cedi appreciated by 16.7% against the US dollar year-to-date. This is a significant improvement from a 13.4% depreciation during the same period in 2024.

The cedi was recognized as the top-performing currency in April 2025. This rally results from a solid policy framework and favorable global conditions.

The central bank is working closely with the Ministry of Finance on strict monetary policies. They are also implementing disciplined fiscal measures focused on prudent public finance management.